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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Hotels
1201 13th St Norfolk, NE 68701-5772
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US57-0683265
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1964
Total area
12,856 SF
Lot
3.45 ac (150,191 SF)
Zoning code
COMMERCIAL
APN
590041096
UPID
US57-0683265
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$555k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$555k
Owner & transaction history
Matre Hospitality LLC · 4 yrs held
Matre Hospitality LLC
since 2022
4 recorded transactions
Zoning & alternative use
COMMERCIAL · Norfolk, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Norfolk submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norfolk submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$555,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$925,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$890,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$555k
Range $500k – $611k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$43 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$33,645
Tax year 2023
Assessed value
$1,819,860
Assessed 2023
Previous assessed
$1,819,860
+0.0% YoY
Effective rate
1.85%
On assessed value
Assessed land
$730,573
Assessed improvement
$1,089,287
Land market value
$730,573
Improvement market value
$1,089,287
Total market value
$1,819,860
Applied tax rate
30.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1964
Buildings
5
Stories
2
Units
24
Total area
12,856 SF
Lot
3.45 ac (150,191 SF)
Zoning code
COMMERCIAL
APN
590041096
UPID
US57-0683265
Jurisdiction
MADISON
Zoning & alternative use
COMMERCIAL · Norfolk, NEZoning COMMERCIAL · permitted uses
COMMERCIAL · Norfolk, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL)
Est. value
$925,000
RETAIL STORES
Est. value
$890,000
INDUSTRIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1964
Stories
2
Buildings
5
Units
24
Lot
3.45 ac
Current owner
From public records · entity-resolved
Matre Hospitality LLC
Entity
Mailing address
1201 S 13TH ST, NORFOLK, NE 68701-5772
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2022
$2,575,000
Matre Hospitality LLC
Sri Sai LLC
Warranty Deed
$1,931,250 · Premier Bank
Jul 29, 2019
—
Sri Sai LLC
—
Deed
related
$1,610,536 · Security National Bank Of Omaha
Jul 29, 2016
—
Sri Sai LLC
Great American Hotel Group INC
Deed
$1,040,000 · Bank Of George
May 30, 2007
—
Norfolk Country Inn LLC
A & T Enterprises INC
Assessor Sales History
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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